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The F# Foundation is an initiative from the F# community to promote F# as an independent, open source language across multiple platforms. You're right this is not a technical change and the foundation is independent.

This is a community activity in addition to what Microsoft is doing

That's not quite right. A choice quote from the kick-off call today helps explain more about what's going on here: "Some customers require Microsoft support in order to adopt a technology; some customers require community (non-Microsoft) support in order to adopt a technology."

You can think of the F# Software Foundation as the community side of that equation and, well, Microsoft as the Microsoft side of that equation.

MS is not abandoning F#. This is a community-led effort to try to increase adoption of an excellent language and to create a better experience on non-microsoft platforms.

Not yet.